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Well-meaning hacker saved Polygon from $20 billion disaster

Whilst hacking incidents in DeFi protocols greater, especially with the decentralized finance frenzy in the summer time of 2020, Polygon, the emerging protocol of the remaining period, is one among the systems that have been lucky in this regard…

The disaster of 20 billion greenbacks used to be back

in the official commentary from the protocol, it was mentioned that a bona fide hacker discovered and reported a computer virus that would positioned NINE billion MATIC tokens at risk, with a present value of more than $20 billion. The Use Of the nickname “Leon Spacewalker” on Twitter and GitHub, the hacker pronounced a malicious program within the Polygon good settlement to Polygon workers on December 3. The Mistake used to be absolutely fixed by the protocol engineers as of December 5th, and the hacker was once given a bounty of $2.2 million.

The $1.4 million MATIC was once stolen

On The Other Hand, Polygon’s crypto safety startup Immunefi’ In Line With the record, this intervention used to be now not sufficient to protect all contracts and a unique hacker workforce managed to thieve 801 thousand MATIC. the value of these tokens used to be also $ 1.4 million.

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With the “onerous fork” performed in block 22156660, the funds, which these days correspond to a big price, are beneath coverage. Until the day before today night, Polygon did not explain the reason for this tough fork.

Reaction from validators to developers

at the Polygon Discord channel on December FIVE, it is noticed that the validators reacted to the center developers creating a top tool update silently. . Polygon builders additionally admitted the day past that their initial silence revealed a lack of lack of confidence and said that there’s a superb line among safety and transparency. Next, it used to be a check of our skill to behave decisively under pressure. “taking a look at how endangered we are, i believe our crew made the most productive selections.”

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